Can variations of road shows exist according to regulations?

Road shows can indeed have variations according to regulations, as long as they adhere to certain guidelines. The correct choice emphasizes that all investors must be provided with the same core presentation. This ensures that despite any variations in delivery or format, the fundamental information remains consistent across different audiences, which is critical for maintaining fairness and transparency in the securities offering process.

The allowance for variations is important in practical scenarios where presenters may tailor aspects of their pitch to different audiences based on their specific interests or characteristics, such as institutional versus retail investors. However, the core content must remain uniform to uphold the integrity of the information shared with all parties involved in the investment decision-making process.

This approach allows issuers to effectively communicate their message while still complying with regulatory expectations that aim to prevent unequal access to material information that could influence investment decisions.